NOT LISTED FOR SALE

596 E Avenue B Blythe, CA 92225

Estimated Value: $206,000 - $243,000

2 Beds
1 Bath
2,400 Sq Ft
$93/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $240,000 $100 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,395/month

4 Days on Market

Highlights

  • 0.37 Acre Lot
  • Lawn
  • Neighborhood Views
  • Wooded Lot
  • No HOA
  • Laundry Room

About This Home

As of August 2023

Great investment opportunity, located in a great area in the heart of town. All long term tenants. Every unit is separate so it's like Buying 3 separate homes together on one lot. All homes come equipped with Central AC and heating.
Whether you choose to reside in one unit and lease the others or opt for a complete rental investment
Don't miss this incredible opportunity to own a remarkable triplex in a prime location.

Last Agent to Sell the Property

Jonathan Smith

RE/MAX Blythe Realty License #01940912 Listed on: 06/29/2023

RE/MAX Blythe Realty

Last Buyer's Agent

Jonathan Smith

RE/MAX Blythe Realty License #01940912 Listed on: 06/29/2023

RE/MAX Blythe Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 0.37 Acre Lot
  • No Common Walls
  • Chain Link Fence
  • Wooded Lot
  • Lawn

Home Design

  • Triplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Fire and Smoke Detector
  • Gas Range
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Jack-and-Jill Bathroom
  • 1 Bathroom

Parking

  • Carport
  • Parking Available

Outdoor Features

  • Shed

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot S
  • Tax Tract Number 1
  • Assessor Parcel Number 845162001
  • $43 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $288
  • Insurance Expense $2,014
  • Water Sewer Expense $1,620
  • New Taxes Expense $2,850
  • Operating Expense $6,772
  • Gross Income $23,520
  • Net Operating Income $17,820

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1620.00
  • Zoning: R2
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 845162001
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 100.00
  • Room Type: All Bedrooms Down, Jack & Jill, Kitchen, Laundry

Exterior Features

  • Foundation: Raised
  • Other Structures: Shed(s)
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Treed Lot
  • Lot Size Sq Ft: 16117.00
  • Lot Size Acres: 0.3700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Electric Expense: 288.00
  • Gross Income: 23520.00
  • Gross Scheduled Income: 23520.00
  • Insurance Expense: 2014.00
  • Lot Size Area: 16117.0000 Square Feet
  • Net Operating Income: 17820.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 6772.00
  • Rent Control: No
  • Total Actual Rent: 23520.00
  • Total Expenses: 6772.00

Tax Info

  • New Taxes Expense: 2850.00
  • Tax Census Tract: 461.01
  • Tax Lot: S
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 43.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2023
Closed on
Aug 3, 2023
Sold by
Smith Jonathan
Bought by
Palo Verde Irrigation District
Seller's Agent
Jonathan Smith
RE/MAX Blythe Realty
Buyer's Agent
Jonathan Smith
RE/MAX Blythe Realty
List Price
$285,000
Sold Price
$240,000
Premium/Discount to List
-$45,000
-15.79%
Views
78
Current Estimated Value
$223,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,561
Avg. Annual Appreciation
-2.96%
Original Mortgage
$234,940
Outstanding Balance
$229,252
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
-$5,813

Purchase Details

Listed on
Jun 29, 2023
Closed on
Jul 13, 2023
Sold by
Smith Jonathan
Bought by
Gonzalez Mark Anthony
Seller's Agent
Jonathan Smith
RE/MAX Blythe Realty
Buyer's Agent
Jonathan Smith
RE/MAX Blythe Realty
List Price
$285,000
Sold Price
$240,000
Premium/Discount to List
-$45,000
-15.79%
Views
78

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,940
Outstanding Balance
$229,252
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
-$5,813

Purchase Details

Closed on
Apr 28, 2022
Sold by
Lofton Family Trust
Bought by
Smith Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2022
Sold by
Lofton Josephine A
Bought by
Lofton Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Palo Verde Irrigation District -- --
Gonzalez Mark Anthony $240,000 First American Title
Smith Jonathan $160,000 None Listed On Document
Lofton Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Mark Anthony $234,940
Previous Owner Smith Jonathan $141,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2023 08/11/23 Sold $240,000 -15.8% $100 / Sq Ft
07/03/2023 07/03/23 Pending -- -- --
06/29/2023 06/29/23 For Sale $285,000 -- $119 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,704 $244,800 $71,400 $173,400
2023 $2,704 $163,200 $51,000 $112,200
2022 $1,648 $145,000 $36,000 $109,000
2021 $884 $76,513 $22,942 $53,571
2020 $875 $75,729 $22,707 $53,022
2019 $868 $74,245 $22,262 $51,983
2018 $814 $72,790 $21,826 $50,964
2017 $798 $71,364 $21,399 $49,965
2016 $791 $69,966 $20,980 $48,986
2015 $783 $68,917 $20,666 $48,251
2014 $755 $67,568 $20,262 $47,306
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW23113388

California Regional Multiple Listing Service (CRMLS)

APN: 845-162-001